ISLAMABAD: Pakistan’s export of goods and services to China witnessed an increase of 37.68 percent during first ten months of current fiscal year (2023-24) as compared to exports of corresponding period of last year, State Bank of Pakistan reported.

Overall exports to China were recorded at $ 2.341 billion during July-April (2023-24) against exports of $ 1.700 billion during July-April (2022-23), SBP data revealed. On year-to-year basis, exports to China surged by 13.56 percent from $ 175.542 million in April 2023 against exports of $ 199.352 million in April 2024. Meanwhile, on month-on-month basis, exports to China decreased by 18.97 percent during April 2024 as compared to exports of $ 246.030 million in March 2024, SBP data revealed. Overall Pakistan’s exports to other countries witnessed an increase of 10.64 percent in first ten months, from $ 23.199 billion to $ 25.669 billion, SBP data revealed. On other hand, imports from China into country during months under review were recorded at $ 10.648 billion against $ 8.343 billion last year, showing an increase of 27.61 percent in July-April (2023-24).